Investment calls to be taped by '09 - FSA

From March 2009, firms will be required to record all communications relating to client orders and the conclusions of transactions in the equity, bond and derivatives markets. The FSA consulted on the taping rules last year. In response to the comments received, it conducted a further review of the cost-benefit analysis and discussed with the industry the scope and practicalities of the new rules. The original proposals changed significantly following this work - the retention period for recorded calls and communications has been reduced from three years to six months, while mobile phon...